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    688599   CNE100003ZR0

TRINA SOLAR CO., LTD

(688599)
  Report
End-of-day quote Shanghai Stock Exchange  -  2022-11-29
64.50 CNY   -0.05%
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Trina Solar breaks world record for 25th time by setting n-type module aperture efficiency at 24.24%

08/25/2022 | 11:25am EST

CHANGZHOU, China, Aug. 25, 2022 /CNW/ -- On August 24, Trina Solar announced that its proprietary Vertex high-efficiency n-type monocrystalline silicon module, based on 66 pcs of 210 mm x 210 mm high-efficiency n-type i-TOPCon cells, has achieved a record aperture module efficiency of 24.24% for industrial large-area n-type i-TOPCon modules. This is independently confirmed by TÜV Nord.

In this March, Trina Solar brought the maximum efficiency of 25.5% for large-area 210 × 210mm i-TOPCon cells, setting a new world record for industrial large-area n-type i-TOPCon cell.

Trina Solar's researchers in State Key Laboratory of PV Science and Technology developed multi-busbar and novel encapsulation technologies, together with non-destructive laser cutting technology to improve module efficiency. By using large-area 210mm n-type i-TOPCon cells, they brought the maximum aperture efficiency of 24.24% for large-area 600W+ modules with an area of 2.807 m2.

"We are very proud to announce the latest achievements developed by our technical team at the State Key Lab. This is the first time to demonstrate over 24% module aperture efficiency with industrial large-area n-type i-TOPCon cells," said Dr. Yifeng Chen Yifeng, head of high efficiency cell and module R&D center, " This is the 25th record that Trina Solar achieved in terms of cell and module efficiencies. Trina Solar is dedicated in technology innovation and its transfer to high efficiency products, to create value for our customers. "

Trina Solar strategically develops n-type products and continues to lead the next generation of high-efficiency n-type technology to create greater value for customers. Since taking the lead in realizing the mass production of n-type modules in 2018, Trina Solar's high-efficiency and high-power n-type modules have been well recognized by the market and widely used in utility power stations and C&I power plants.

In order to meet the growing demand for 210+ n-type solar modules, in 2022, Trina Solar plans 8 GW production capacity of n-type modules, which all based on Trina Solar's 210+ N technology, best combining high-efficiency of n-type cells and high reliability of 210 Vertex module, bringing premium green technology and perfect aesthetic experience to residential customers.

 

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View original content:https://www.prnewswire.com/news-releases/trina-solar-breaks-world-record-for-25th-time-by-setting-n-type-module-aperture-efficiency-at-24-24-301612591.html

SOURCE Trina Solar Co., Ltd

© Canada Newswire, source Canada Newswire English

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Financials
Sales 2022 83 108 M 11 733 M 11 733 M
Net income 2022 3 630 M 512 M 512 M
Net Debt 2022 9 264 M 1 308 M 1 308 M
P/E ratio 2022 38,6x
Yield 2022 0,65%
Capitalization 140 B 19 753 M 19 753 M
EV / Sales 2022 1,80x
EV / Sales 2023 1,36x
Nbr of Employees 17 586
Free-Float 37,8%
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Number of Analysts 7
Last Close Price 64,50 CNY
Average target price 82,70 CNY
Spread / Average Target 28,2%
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Ji Fan Gao Chairman & Chief Executive Officer
Sen Wu Chief Financial Officer
Yan Hong Jiang Chairman-Supervisory Board
Wei Liu Independent Director
Bai Ling Jiang Independent Director
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